Factom To Provide Blockchain Solutions To US Defense Industry
Blockchain, a disruptive technology that is causing a huge shift in the manner business is done across the world, no longer requires introduction. Having said that it should be noted the technology is applied mainly in manufacturing, healthcare and financial industries. The technology is yet to make its mark in enhancing the security and efficiency of defense industry.
In this regard, Systems Planning and Analysis (SPA) and Factom, two well-known names in the blockchain world, have come together and pool their resources to advance blockchain to a new level.
Defense industry is always concerned about maintaining data integrity. Notably, blockchain technology offers never seen standards in data protection. To bring the benefits of blockchain technology to defense industry, analytical software development firm SPA has partnered with blockchain technology provider Factom and offer their service to the Department of Defense (DOD) and other clients of the Federal government.
Notably, blockchain-as-a-service provider Factom has earlier worked with the US Department of Homeland Security. Therefore, the news of Factom trying to spread its roots in the defense industry does not come as a surprise. SPA’s business history is also along similar lines. The company specializes in data-based technical, programming and operation solutions for the defense industry.
By sharing the industry experience, both parties intend to combine analytics-based consulting along with IT and blockchain solutions, and establish a beginning in security development for federal government organizations.
Factom has expertise in the creation of business models that facilitate enterprises to take advantage of data security offered by blockchain technology. This combined with SPA’s knowledge of unique challenges encountered by DOD and other federal clients’ gives an exclusive chance to build practical blockchain-based solutions that will improve safety and effectiveness of key federal organizations.